Month: June 2023

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The Earnings Picture Refuses to Weaken

There is no shortage of market skeptics who see this year’s gains as without a fundamental basis and support. The skeptics justifiably point to the market’s narrow leadership in the mega-cap Tech players as a major argument why they don’t see the rally having sustainable legs. This is a fair point, though it’s important to...

Double exposure with ipo hologram and buildings, trading, business and investment screen

China’s WORK Medical upsizes proposed US IPO to $14M (Pending:WOK)

Ingenious Buddy China’s WORK Medical Technology Group (WOK) has upsized its proposed US initial public offering to $14M. The medical products provider said that it is looking to offer 3M shares priced between $4 and $5, which would raise nearly $14M if priced at the midpoint. WORK Medical hopes to list its shares on Nasdaq...

IPO: Initial public offering

Eleison Pharmaceuticals scraps plans for proposed $40M IPO

Chunumunu Eleison Pharmaceuticals (ESLN) has withdrawn its registration for a proposed $40M initial public offering. The oncology drug developer first filed for the IPO in January 2022. Based in New Jersey, Eleison’s lead drug candidate, glufosfamide, is in Phase 3 development for the treatment of pancreatic cancer. The company also has two compounds entering Phase...

Improve Timing on Your Fundamental Picks | Stock Talk with Joe Rabil

Powerful 2-Timeframe Setup | Stock Talk with Joe Rabil

On this week’s edition of Stock Talk with Joe Rabil, Joe shows the criteria he is looking for when trading 2 timeframes. He covers the MA setup on both timeframes, price setup, and the preferred momentum conditions to this approach. This approach can be used in any 2 timeframes. Joe then analyses the symbols requests...

CTLT / Catalent Inc. Put/Call Ratios

RBC Capital Reiterates Catalent (CTLT) Outperform Recommendation

Fintel reports that on June 30, 2023, RBC Capital reiterated coverage of Catalent (NYSE:CTLT) with a Outperform recommendation. Analyst Price Forecast Suggests 19.50% Upside As of June 2, 2023, the average one-year price target for Catalent is 48.20. The forecasts range from a low of 28.28 to a high of $90.30. The average price target...

Vat Text Written On Wooden Blocks With Stacked Coins

Mexican REIT Vesta IPO prices, bringing gross proceeds to $388M (Pending:VTMX)

AndreyPopov Corporación Inmobiliaria Vesta (VTMX), a REIT that specializes in industrial properties in Mexico, said its initial public offering of 12.5M American Depositary Shares, priced late Thursday at $31.00 per ADS, amounting to gross proceeds of $387.5M. The ADSs represent 125M of the REIT’s common shares. The offering is expected to settle on or about...